The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter.

Time to rejoice: purchase-lending could regularly top $1 trillion a year...

During the worst of the buyback storm in late 2012 and early 2013, the GSEs reported over $18.51 billion of unresolved repurchase requests and as much as $13.22 billion in buybacks during a single quarter.

According to its website, Movement Mortgage also seeks to hire underwriters, a mortgage licensing specialist and an associate general counsel.

On the $5.9 billion MSR pool, 42 percent of the rights are tied to mortgages in California, Florida and Texas...

Stonegate Mortgage is the top contributor to the deal with a 32.3 percent share, followed by Prime Lending with a 21.6 percent share...

What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...

However, the note rate was not disclosed. The originator of record is Wells Fargo Multifamily Capital...

Fleig said Fannie’s new policy has prompted some questions as industry participants haven’t seen a draft of the subordination agreement seller/servicers will have to sign.

The refinance market was soft as well. The agencies securitized $37.48 billion of refinance loans during November, down 12.3 percent from the previous month.